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Energy and Politics: House to Vote on Reversing Biden’s Natural Gas-Export Freeze

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The US House of Representatives will vote on overturning the Biden administration’s freeze on liquefied natural gas export approvals, a top Republican said Wednesday. The vote will take place the week after next, Representative Cathy McMorris Rodgers, who chairs the House Energy and Commerce Committee, said during an interview. The White House announced Friday it was halting approval of new …

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Woodside Should Walk Away from Santos Deal, Large Shareholder Says

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(Reuters) – Woodside  should walk away from its proposed $57 billion merger with Santos  rather than pay a premium for its smaller rival, a large shareholder said on Thursday, a sign of the deep divide between both sides over fair value. Fund manager Allan Gray Australia owns a roughly A$700 million ($460 million) stake in Australian …

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No African Nation Should Have to Halt Fossil Fuels, Kenyan President Says

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Kenyan president speaks at Italy-Africa summit in Rome Renewable energy is an economically rational choice, he says Kenyan President William Ruto said African countries need to be able to tap all their energy resources even if that means developing non-renewable sources of fuels. “I firmly believe that no African country can be asked to halt the exploration …

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U.S. Natgas Prices Drop 10% on Contract Expiry, Freeport LNG Unit Outage

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U.S. natural gas futures plunged about 10% on Monday in light trade ahead of contract expiration on an extended outage at the Freeport LNG export plant in Texas and forecasts for warmer-than-normal weather to continue through at least mid-February. Analysts noted the Freeport outage would leave more gas in the U.S. at the same time …

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Park the Politics: Biden Urged to Reverse LNG Pause by Global Business Groups

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Energy Department on Friday halted approvals of new plants US will study effect of exports on climate change, economy Business organizations from the US, Europe and Japan called on the Biden administration to reverse a decision to freeze approvals of new licenses for liquefied natural gas export facilities. “With numerous forecasts projecting global natural gas demand to …

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U.S. Natgas Prices Jump 6% Ahead of Contract Expiry, Slow Output Return

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U.S. natural gas futures jumped about 6% to a one-week high in volatile trade on Friday ahead of contract expiration on forecasts for higher demand in two weeks when the weather turns slightly cooler and with the slow return of output from last week’s Arctic freeze. Traders noted prices fell by over 5% earlier in …

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U.S. Natgas Prices Steady After Paring Gains on Expected Massive Storage Draw

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U.S. natural gas futures were little changed after giving up earlier gains of over 5% on Thursday following a federal report showing last week’s storage withdrawal was massive but in line with analysts estimates. Earlier in the session, prices were up on forecasts for cooler weather and higher heating demand next week than previously expected …

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Deal in the Works? EnCap Eyes $5 billion Sale of Shale Producer Grayson Mill

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday. EnCap has tapped investment bank Jefferies Financial Group to run a sale of Grayson Mill, the sources …

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IT’S OFFICIAL: Canada’s Trans Mountain Pipeline to Start Up in Second Quarter

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Pipelines / By

Trans Mountain Corp will begin line fill in February on its long-delayed Canadian oil pipeline expansion and expects it to be in service in the second quarter, a company executive said on Wednesday. The C$30.9-billion ($23.05 billion) expansion will nearly triple the flow of crude on Trans Mountain from Alberta to Canada’s Pacific Coast but …

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Biden’s Natural Gas Plan Coming Soon as Industry Mounts Lobbying Blitz

Latest, LNG, Natural Gas, Pinned Primary, US News / By

Changes may derail Venture Global’s CP2 terminal in Louisiana Climate activists pressure White House to curb exports The Biden administration is set to unveil plans within days for intensifying environmental scrutiny of applications to export natural gas, potentially stalling massive planned projects for months, if not longer. The administration’s approach could be announced as soon …

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